National accounts

Selected series for macroeconomic analysis derived from national accounts and labour force data

• The Australian economy rose 0.2% in seasonally adjusted chain volume measures 
• In nominal terms, GDP rose 1.2% 
• The terms of trade fell 2.6% 
• Household saving to income ratio decreased to 1.1% from 2.8% 

• Tourism gross domestic product (GDP) rose 60.1% to $57.1b in chain volume terms in 2022-23 but remains below the 2018-19 peak of $63.4b.
• Tourism's contribution to economy GDP rose to 2.5% in 2022-23 but remains below the 2018-19 level of 3.1%.
• Domestic tourism consumption rose by $34.9b to $124.9b in 2022-23 while international tourism rose by $17.7b to $23.6b in chain volume terms.
• Tourism filled jobs rose to 626,400 in 2022-23 but remains below the 2018-19 peak of 700,900 filled jobs.

• Gross State Product (GSP) rose in all states and territories except the Northern Territory in 2022-23

• The Australian Capital Territory experienced the strongest growth of all states and territories at 4.3%, followed by South Australia (+3.8%) and New South Wales (+3.7%).

• Total transport activity contributed 7.9% ($164.4b) to GDP in 2020-21.
• Total transport activity was the second largest industry contributor to the Australian economy behind mining in 2020-21.
• There were around 1.2 million employed persons in the total transport industry (including warehousing) in 2020-21.

• The Australian economy grew 3.0% in chain volume terms in 2022-23
• Labour productivity fell 3.7%
• The household saving ratio decreased to 4.3% from 12.6%
• National net worth rose $1.3 trillion to $19.0 trillion

Supply-Use tables balance the three measures of GDP and provide detailed information about the supply and use of products in the Australian economy.

• Household wealth increased $378.5b (2.6%) to $15,099.8b.
• Demand for credit was $38.1b, the weakest since June 2005.
• Australia's net lending position rose $7.7b to $16.9b this quarter.
• Capital investment as a proportion of GDP rose to 23.9%.

In June quarter 2023, there were 713,000 tourism jobs. This was:

• 20,100 (-2.7%) less jobs than March quarter 2023
• 125,300 (21.3%) more jobs than June quarter 2022
• 44,500 (-5.9%) less jobs than December quarter 2019, prior to COVID-19 pandemic
• 1 in 22 (4.6%) filled jobs in the economy

Input–Output (I-O) tables provide detailed information about the supply and use of products in the Australian economy

In 2021-22:

• Gross value added (GVA) from Defence expenditure contributed $10.6b to the Australian economy, up 20.3% from the previous year
• Defence industry GVA contributed 0.49% to total economy GVA
• An estimated 61,600 employed persons were associated with Defence expenditure, a growth of 17.1% from the previous year

Integrates ABS micro and macro data to produce distributional information of household income, consumption and wealth

This product details Australian production, imports, margins, taxes, subsidies, intermediate and final usage, and exports of over 900 products

Estimates of the direct contribution that NPIs make to the Australian economy, including to gross value added and gross domestic product